Barclays Reaffirms Buy Rating on ING GROEP with €24.70 Price Target

Barclays analyst Namita Samtani has maintained a Buy rating on ING GROEP with a price target of €24.70. Samtani has a 2-star analyst rating with a 51.76% success rate and covers the Financial sector. The stock has a Moderate Buy analyst consensus rating with a €22.12 average price target, which is a 9.36% upside from current levels. ING GROEP has a market cap of €58.33B and a P/E ratio of 10.19.

Barclays analyst Namita Samtani has maintained a Buy rating on ING GROEP with a price target of €24.70. Samtani, who covers the Financial sector, has a 2-star analyst rating with a 51.76% success rate. The stock has a Moderate Buy analyst consensus rating with a €22.12 average price target, which is a 9.36% upside from current levels. ING GROEP has a market cap of €58.33B and a P/E ratio of 10.19.

Analyst Sentiment and Ratings

Analysts have shown a generally positive outlook on ING Group's stock. Barclays upgraded ING Group from an "equal weight" rating to an "overweight" rating on July 15, 2025, with a price target of €24.70. Samtani, who covers the financial sector, has a 51.76% success rate and an average return of 0.2% on recommended stocks. Despite this, the Street consensus remains a "Moderate Buy" with an average price target of €21.67. Additionally, three equities research analysts have rated the stock with a hold rating, two have issued a buy rating, and one has assigned a strong buy rating to the stock.

Financial Performance

ING Group reported a quarterly revenue of €5.64 billion and a net profit of €1.46 billion for Q1 2025, outperforming analysts' consensus estimates. The company's market capitalization stands at $75.10 billion, with a price-to-earnings ratio of 11.31 and a P/E/G ratio of 1.92. The stock's fifty-day moving average is $21.80 and its two-hundred day moving average is $19.57. The company maintains a quick ratio of 1.12, a current ratio of 1.12, and a debt-to-equity ratio of 2.86.

Recent Strategic Initiatives

ING Group has been focusing on strategic growth initiatives. In its recent earnings call, the company reported a solid performance in Q2 2025, with total income rising due to customer deposit repricing and volume growth. The company's fee income grew by 12% year-on-year, aligning with its strategy to diversify income streams. ING Groep N.V. also launched a digital bank account for teenagers in Spain, expanding its product offerings.

Future Outlook

Looking ahead, ING Group expects to grow its fee income at the higher end of the 5-10% range, with a target of €5 billion by 2027. Analysts tracked by InvestingPro forecast EPS of $2.34 for FY2025, supporting the company’s growth narrative. Despite economic uncertainties, ING maintains a positive outlook on its lending margins, expecting a recovery to 125-130 basis points by 2026.

Conclusion

ING Group's recent performance and analyst upgrades suggest a promising outlook for the company. While the stock's valuation remains attractive, investors should carefully consider the risks associated with economic uncertainties, wage inflation, regulatory changes, market competition, and FX sensitivity. As ING continues to focus on digital transformation and strategic growth, it remains a stock worth monitoring for investors and financial professionals.

References

[1] https://www.marketbeat.com/instant-alerts/ing-group-nyseing-sets-new-52-week-high-should-you-buy-2025-07-23/
[2] https://www.theglobeandmail.com/investing/markets/stocks/ING/pressreleases/33808844/ing-groep-reports-strong-q2-2025-results-amid-strategic-growth/
[3] https://in.investing.com/news/transcripts/earnings-call-transcript-ing-groeps-q2-2025-performance-and-strategic-initiatives-93CH-4936392